March 28, 2013
by Matthew Pomy
Judge Katherine Forrest of the US District Court for the Southern District of New York on Wednesday denied a motion to dismiss a lawsuit brought by a pension plan against JPMorgan Chase (JPM). The lawsuit alleges that JPM engaged in risky business practices in investing in Lehman Brothers in a ...[read more]
July 29, 2011
by Maureen Cosgrove
A federal judge on Wednesday ruled that most claims in a lawsuit against former Lehman Brothers Holdings officials could proceed. The plaintiffs, a group of investors, contend that Lehman's former officers, directors, and auditors, as well as security underwriters acted in violation of the ...[read more]
May 27, 2010
by Sarah Miley
Lehman Brothers Holdings on Wednesday filed suit against JPMorgan Chase & Co. for allegedly siphoning off billions of dollars in critically-needed assets days before the investment bank filed for a record-breaking bankruptcy. JPMorgan was Lehman's main short-term lend... ...[read more]
September 14, 2009
by Jaclyn Belczyk
US President Barack Obama stressed the need for stronger financial industry regulations Monday in a speech marking the one-year anniversary of the collapse of Lehman Brothers Holdings. Obama warned that signs the economy is beginning to turn around should not cause Wall Street to forget the ...[read more]
October 7, 2008
by Andrew Gilmore
Lehman Brothers Chairman and Chief Executive Officer Richard Fuld Monday called for a new regulatory scheme for financial firms in testimony before the US House Committee on Oversight and Government Reform. Fuld answered questions regarding Lehman Brother's role in the current financial ...[read more]
September 24, 2008
by Caitlin Price
The Federal Bureau of Investigation is currently investigating Fannie Mae, Freddie Mac, Lehman Brothers, and AIG along with 22 other financial institutions for possible mortgage fraud, US media outlets reported Tuesday. The investigations follow a market collapse that led to a Bush administration ...[read more]
September 19, 2008
by Devin Montgomery
New York Attorney General Andrew Cuomo Thursday said his department is conducting an investigation into whether some investors used illegal methods to profit from recent declines in banking and insurance stocks. It is alleged that some investors combined the short-selling of stock with the ...[read more]
September 16, 2008
by Caitlin Price
Members of the US Congress spoke out about regulatory changes and investigations following a stock market drop propelled by Lehman Brothers' Chapter 11 bankruptcy filing and the sale of Merrill Lynch on Monday. Speaker of the House Rep. Nancy Pelosi (D-CA) reiterated plans for a new economic ...[read more]
January 25, 2007
by Joshua Pantesco
US District Court Judge Melinda Harmon on Wednesday granted a motion to dismiss seven defendants from the Enron shareholder derivative lawsuit, scheduled to go to trial in April. The lead plaintiff in the case, the University of California Board of Regents, has already negotiated settlements ...[read more]
September 28, 2005
by Chris Buell
Two class action lawsuits accusing major US investment banks of price-fixing practices during initial public offerings of technology stocks during the late 1990s were reinstated Wednesday by the US Second Circuit Court of Appeals. The court wrote that the plaintiffs had alleged an epic Wall S... ...[read more]

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